Why Gem Industry will play the most crucial role in reviving the economic recession

Economic recession is one of those expensive wines — it will always be on your mind.

The currency system is unreliable and since its inception, it has given us only hard times. The idea was to put a leash around the chaos, as a matter of fact, it has enslaved the mankind.

In a span of around 100 years, we have faced several economic recessions but some of them were much more distinct in nature. They shook the core of the society and it was harder to recover from them.

Economists still believe their traces are still behind and we were never truly above them.

When the economic times collapse, we generally tend to look for solutions that would redeem us and make more money. While on papers the system will prevail, it would be hard to spread its benefits to the common man.

Most of the industrialists will rebound from the Government funds and loans, and if their business model sits straight, they might be able to repay in time.

But the common man suffers! What about the local market, peasants, small businesses and start-ups?

Not every business can rebound equally.

The need is to invest in industries that would benefit the common man.

The logical solution is to help those industries to flourish that might create more business opportunities. With more opportunities around the corner, related services would be able to make it on their own in time.

Gem Industry is the most feasible solution.

And the reasons are countless!

1. It would help all the local artisans to get back on their feet. During the bleak hours, they could make their ends meet on their own.

2. Local market will get to see a boost. The heart lies in the local market.

3. Distributors will get to continue their work. A lot of industries collapse for sure, and thus gibing a huge blow to the local distributors and their earning. This will ensure they continue getting work.

4. Advertising agencies will not run out of business. The need for necessities would be top priority for sure, but here the advertising agencies doesn’t have much to partake. Advertising agencies have given bread and butter to countless families. If they shut down, millions of families would be affected.

5. In case gem industry still maintains its importance, people can use their ornaments and other gems as a valuable asset. If gem industry collapses, their asset would be worthless. A lot of people tend to buy them as a sort of valuable asset for hard times; that would be meaningless if gem industry falls, thus rendering their hard-earned money worthless. They can still hold some value.

6. Once recession is over, we will need well established industries to keep up with the global competition. India has abundant of gems, and we can still continue to grow regardless.